Characteristics of Post Office MIS

For how long do you need to stay invested?

The maturity period for post office MIS is five years. However, you get regular monthly income on your investment throughout the period.

Where can you find a post office MIS to invest in?

You can find post office MIS in any post office branch.

What are the interest rates offered by Post Office MIS?

Post office MIS provides an interest of 6.6% (as of 1 April 2020) on investing for five years.

What is the minimum amount you can invest in a post office MIS?

The minimum investment in an MIS is ₹1000/-

MIS allows only one-time investment

You can invest in a multiple of ₹1000/- in an MIS

Rekha had just got additional money by getting a big contract of making tiffins for office goers. She had reinvested or put some of the money back into her business by buying new utensils and cooking items, but still, a lot of her profit was left.

What should Rekha do?

Spend all that money
Invest in a Monthly Income Scheme
Keep the money at home
Keep the money in her savings bank account

Are there any additional returns for the senior citizens?

No, there are no additional or different returns for senior citizens. For senior citizens, post offices offer special investments like the Senior Citizen Savings Scheme

What are the features of post office MIS?

Low-risk regular income investment
One-time investment
Five years maturity
Can have a single or joint account
Can be opened at any post office
Minimum investment of ₹1000/-
The maximum investment in the case of a single account is ₹4.5 Lakhs
Maximum investment for a joint account is ₹9 Lakh

What are the benefits of investing in Post Office MIS?

Get regular income out of your investment
Good to invest larger savings
Can take “loan against your post office MIS”
Invest in an extra source of regular income for five years
Risk-free long-term investment
No need to wait for maturity to get over for returns
Available at all post offices

To track your progress